Minnesota Federal Reserve President: If You Aren’t Raising Wages, Don’t Complain About Labor Shortages

“Are any of you planning to raise wages in the next year or two?” he asked. “Or are you just complaining that you can’t find workers and you’re not going to raise wages? I can tell you something. If you look at North Dakota in the oil boom, if you raise wages, people respond, and you can find workers.”

“If you aren’t raising wages, it just sounds like whining,” he concluded.